Proficio Capital Partners LLC Acquires New Holdings in J.B. Hunt Transport Services, Inc. $JBHT

Proficio Capital Partners LLC bought a new stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) in the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 4,874 shares of the transportation company’s stock, valued at approximately $1,411,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. BlackRock Inc. acquired a new position in shares of J.B. Hunt Transport Services during the second quarter worth approximately $1,833,602,000. Jupiter Topco LLC bought a new position in J.B. Hunt Transport Services in the 2nd quarter worth approximately $891,349,000. AQR Capital Management LLC increased its position in J.B. Hunt Transport Services by 411.5% in the 2nd quarter. AQR Capital Management LLC now owns 1,799,843 shares of the transportation company’s stock valued at $258,457,000 after acquiring an additional 1,447,993 shares during the period. Norges Bank acquired a new stake in J.B. Hunt Transport Services in the 4th quarter valued at approximately $200,587,000. Finally, Bessemer Group Inc. raised its stake in J.B. Hunt Transport Services by 75,567.4% during the 4th quarter. Bessemer Group Inc. now owns 1,006,377 shares of the transportation company’s stock valued at $195,580,000 after acquiring an additional 1,005,047 shares in the last quarter. Institutional investors own 74.95% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Citizens Jmp began coverage on J.B. Hunt Transport Services in a research report on Wednesday, July 15th. They set a “market perform” rating for the company. Susquehanna set a $345.00 price target on J.B. Hunt Transport Services in a report on Thursday, July 16th. Citigroup restated a “market perform” rating on shares of J.B. Hunt Transport Services in a research note on Monday, July 20th. Barclays upped their price objective on shares of J.B. Hunt Transport Services from $270.00 to $300.00 and gave the stock an “equal weight” rating in a report on Thursday, July 16th. Finally, Truist Financial increased their target price on shares of J.B. Hunt Transport Services from $280.00 to $295.00 and gave the company a “hold” rating in a research report on Thursday, July 16th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $286.30.

Insider Activity at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, EVP David Keefauver sold 703 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $285.13, for a total value of $200,446.39. Following the transaction, the executive vice president owned 790 shares in the company, valued at approximately $225,252.70. The trade was a 47.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Brian Webb sold 1,500 shares of J.B. Hunt Transport Services stock in a transaction on Friday, June 5th. The stock was sold at an average price of $284.01, for a total value of $426,015.00. Following the completion of the transaction, the executive vice president owned 15,881 shares in the company, valued at $4,510,362.81. The trade was a 8.63% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 2.50% of the company’s stock.

J.B. Hunt Transport Services Trading Down 3.4%

Shares of J.B. Hunt Transport Services stock opened at $256.48 on Wednesday. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.31. The firm has a market cap of $24.09 billion, a price-to-earnings ratio of 36.33, a price-to-earnings-growth ratio of 1.67 and a beta of 1.29. The business has a fifty day simple moving average of $276.91 and a 200-day simple moving average of $253.13. J.B. Hunt Transport Services, Inc. has a fifty-two week low of $130.12 and a fifty-two week high of $299.76.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its earnings results on Wednesday, July 15th. The transportation company reported $1.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.71 by $0.20. J.B. Hunt Transport Services had a return on equity of 18.75% and a net margin of 5.31%.The firm had revenue of $3.50 billion for the quarter, compared to analyst estimates of $3.26 billion. During the same period in the previous year, the company earned $1.31 earnings per share. J.B. Hunt Transport Services’s revenue was up 19.4% compared to the same quarter last year. On average, equities analysts forecast that J.B. Hunt Transport Services, Inc. will post 7.75 EPS for the current fiscal year.

J.B. Hunt Transport Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 21st. Stockholders of record on Friday, August 7th were given a dividend of $0.45 per share. The ex-dividend date was Friday, August 7th. This represents a $1.80 annualized dividend and a dividend yield of 0.7%. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is 25.50%.

J.B. Hunt Transport Services Company Profile

J.B. Hunt Transport Services, Inc is a leading provider of transportation and logistics solutions headquartered in Lowell, Arkansas. The company offers a comprehensive suite of services designed to move freight efficiently across North America, including intermodal, dedicated contract services, full truckload, less-than-truckload (LTL), final mile delivery and specialized transport.

In its intermodal segment, J.B. Hunt leverages a network of rail and truck assets to transport containers and trailers on major U.S.